FRA Announces Availability of $272 Million for ‘State of Good Repair’ Rail Projects
WASHINGTON – The U.S. Department of Transportation’s Federal Railroad Administration (FRA) issued a Notice of Funding Opportunity (NOFO) today for the Federal-State Partnership for State of Good Repair Program (Partnership Program). The NOFO makes more than $272 million in grant funding available. “It is important for rail infrastructure owners and operators to plan for the maintenance and replacement of their assets,” said FRA Administrator Ronald L. Batory. “The Department particularly reco...
Governor Holcomb and Indiana Department of Transportation award $100 million through Next Level Roads: Community Crossings Initiative
INDIANAPOLIS. – Governor Eric J. Holcomb and INDOT Commissioner Joe McGuinness today announced 283 Indiana cities, towns and counties received a combined $100 million in state-matching funds for local road projects through the Next Level Roads: Community Crossings Initiative. “Infrastructure plays a vital role in taking Indiana to the Next Level, and that includes everything from our interstates down to the last mile—including our local roads, bridges and sidewalks,” Gov. Holcomb said. “When...
New Jersey DOT Obligates $23M for Local Bicycle and Pedestrian Projects
The New Jersey Department of Transportation awarded $23 million in federal funding has been obligated to local bicycle and pedestrian projects through its Transportation Alternatives Program or TAP grants on Oct. 26, the agency said in a statement. [Above photo by the New Jersey National Guard.] There were 18 projects totaling $18.6 million in TAP grants, NJDOT added, along with 14 “Safe Routes to School” grants totaling $2.3 million. An additional $2.2 million was authorized for “Safe Rou...
Airport, Toll Road, and Port Activity All Expected to Increase, Fitch Ratings Says
In a report issued Oct. 18, credit agency Fitch Ratings said that airports, toll roads, and ports are all facing “potential increases in borrowing costs” should the Federal Reserve continue to increase interest rates – and it has already increased interest rates three times in 2018 alone and eight times since 2015. [Above photo by formulaone.] That, coupled with increasing capital improvement spending needs, has the potential to slow growth in those three transportation sectors, noted Fitc...
U.S. Department of Transportation Announces $5.95 Million Loan to Fund Marine Terminal Rail Improvements at the Port of Everett
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau (the “Bureau”) will provide up to a $5.95 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the Port of Everett in the State of Washington. The loan is for the Marine Terminal Rail Improvements Phase II Project (the “Project”). “This funding will help fund a key port in Washington state to handle more cargo, thereby helping our co...
Polara Capital and ARCTRUST Sign Agreement to Place Preferred Equity in the Southeast
CLIFTON, N.J., Nov. 1, 2018 - Polara Capital, a capital markets advisory firm based out of Roswell, GA, has recently formed a relationship with ARCTRUST, a private REIT in Clifton, NJ, to place preferred equity investment vehicles in commercial real estate transactions across the Southeast. This new venture will focus on retail, self-storage, and multi-family opportunities requiring between $2M - $10M of equity. "We're excited to bring this platform to our clients in Georgia and Carolinas," s...
USDOT Official Highlights More Than $12 Million in Grants to Help Modernize Bus Service in Central Illinois
BLOOMINGTON, Ill. – The U.S. Department of Transportation’s Federal Transit Administration (FTA) Acting Administrator K. Jane Williams was joined today by Illinois officials to celebrate the award of more than $12 million in competitive grant funds to improve bus transit service in central Illinois. The grants will enable transit agencies to modernize bus fleets, improve service, and enhance safety for riders. Acting Administrator Williams and officials from Connect Transit celebrated the gra...
Carbon Lighthouse and Generate Capital Close $65 Million in Financing for Commercial Energy Efficiency Projects
SAN FRANCISCO - Carbon Lighthouse, a clean energy services company, and Generate Capital, a leading financier, owner and operator of distributed energy and resource infrastructure, today announced the close of a $65 million project finance fund to support the rapid growth of Carbon Lighthouse's clean energy and efficiency business. Carbon Lighthouse will use the funds to help more building owners and investors across the United States turn energy waste from existing assets into guaranteed, banka...
USDOT Tallies its FY 2018 Transportation Disbursements
By the end of this year, USDOT said in a statement on Oct. 10 that it will have made more than $63.9 billion in fiscal year 2018 available in multi-modal discretionary and formula transportation investments, along with $1.6 billion in fiscal year 2017 discretionary funds – dollars the agency views as “seed money” to encourage additional infrastructure investment by states, localities, and private sector partners. USDOT said it has released Notices of Funding Opportunity for nearly 90 percent...
FAA Announces $40.9 Million for New Tower at GSO
Washington, DC—The U.S. Department of Transportation’s Federal Aviation Administration (FAA) is investing $40.9 million in infrastructure for Piedmont Triad International Airport (GSO) in Greensboro, NC. The Agency is building a new, 180-foot-tall Air Traffic Control Tower. The new control tower will accommodate up to eight positions for air traffic controllers in a 550- square-foot tower cab. A 15,650 square-foot base building will anchor the new tower. It will house the Terminal Radar Appro...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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